Caribbean Utilities (TSE:CUP.U) Share Price Crosses Above 50 Day Moving Average of $12.48

Caribbean Utilities Company Ltd (TSE:CUP.U)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$12.48 and traded as high as C$14.00. Caribbean Utilities shares last traded at C$14.00, with a volume of 3,387 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities lowered their target price on shares of Caribbean Utilities from C$13.00 to C$12.50 and set a “hold” rating for the company in a report on Tuesday, February 13th.

Caribbean Utilities Stock Up 0.4 %

The firm has a market capitalization of C$532.14 million, a PE ratio of 14.00, a P/E/G ratio of 3.00 and a beta of 0.40. The firm’s 50 day moving average price is C$12.48 and its two-hundred day moving average price is C$11.78. The company has a quick ratio of 0.27, a current ratio of 0.57 and a debt-to-equity ratio of 123.09.

Caribbean Utilities Company Profile

Caribbean Utilities Company, Ltd. engages in the electricity generation, transmission, and distribution activities in Grand Cayman, the Cayman Islands. The company generates electricity using diesel. As of December 31, 2018, it operated diesel generating units with an installed generating capacity of 161 megawatts; and 8 transformer substations with approximately 441 miles of land-based high-voltage transmission and distribution lines, and 15 miles of high-voltage submarine cable.